General business - Articles - Page 192 | Adhesives & Sealants Industry

Sika Achieves Record Sales in 2019

In a challenging market environment, Sika reports that its growth in all regions was stronger than the market in 2019.

January 13, 2020

Sika recently announced that it recorded double-digit growth and achieved a sales record of CHF 8.11 billion (approximately $8.3 billion) in the 2019 business year.

Seal For Life Completes Four Acquisitions, Names Oravitz CEO

With these acquisitions, Seal For Life reports that it has broadened its portfolio of protective coating technologies, expanded its range of applications, and significantly grown its presence in North America.

January 10, 2020

Seal For Life recently announced that it has completed the acquisitions of Flame Control Coatings, Highland International, LifeLast, and US Coatings.

Maroon Group Becomes Certified Member of RSPO

As a certified member of the Roundtable on Sustainable Palm Oil (RSPO), Maroon Group will partner with Certified Sustainable Palm Oil producers that comply with a set of environmental and social criteria developed by RSPO.

January 9, 2020

Maroon Group recently announced that it is now a certified member of the Roundtable on Sustainable Palm Oil.

Chemours Sells Methylamines Business Unit to Belle Chemical

Chemours’ methylamines business reportedly supplies methylamines products such as MMA, TMA, and DMA to partners in various industries.

January 8, 2020

The Chemours Co. recently announced that it has sold its methylamines business unit to Belle Chemical Co., an affiliate of Cornerstone Chemical Co.

Huntsman Completes Sale of Chemical Intermediates and Surfactants Businesses to Indorama Ventures for $2 Billion

The transaction comprises a cash purchase price of approximately $1.93 billion, which includes estimated adjustments to the purchase price for working capital, plus the transfer of up to approximately $76 million in net underfunded pension and other post-employment benefit liabilities.

January 7, 2020

Huntsman Corp. has completed the previously announced sale of its chemical intermediates businesses, which includes PO/MTBE, and its surfactants businesses to Indorama Ventures for approximately $2 billion.

Top 5 News that Sticks

3M Divestment Leads the News

Readers last week were most drawn to 3M’s announcement regarding the divestment of much of its drug delivery business.

Susan Sutton

January 6, 2020

Does your company have news to share with the industry? Please send press releases to me at suttons@bnpmedia.com.

Thomas to Assume Additional Duties at RSS as Daley Retires

With Pearce Daley’s departure, Ken Thomas, director of Innovation and Marketing for The Dupps Co., will assume additional responsibilities at RSS.

January 6, 2020

After seven years with RSS, Pearce Daley, sales director, has decided to retire, effective January 31, 2020.

Lone Star Funds to Acquire BASF’s Construction Chemicals Business

With more than 7,000 employees, BASF’s Construction Chemicals business operates production sites and sales offices in more than 60 countries.

December 31, 2019

BASF and an affiliate of Lone Star, a global private equity firm, recently signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business.

Ashland Announces New Specialty Additives and Adhesives Business Leaders

Min Chong is joining Ashland to lead the Specialty Additives business unit, and Tim Pione will be leading the Performance Adhesives business unit.

December 30, 2019

In line with its recently communicated business unit structure, Ashland has announced new business leaders for its Specialty Additives and Performance Adhesives businesses.